Topic: when is a good time to get out ? - page 3. (Read 536 times)

it's really just a hold and see how it develops after that
will be someone who is very well established and have savings for the old age later

It is difficult to determine the exact time when the market is too volatile and the time is shorter. To limit the loss I think you can put a stop loss after buying good coin. Invested, you should take risks because trade is always the most risky, if you can not accept this then you can not succeed in the market cryptocurrency.

Getting out is always depend on its individual actually, if you know you already gain for it you can get anytime you want. Then if you are aiming to gain big well I guess you need to hold on for it in a long term basis, just simple as that mate. If I where you if you have that huge amount it is better for you to invest it in different altcoin which is I knew its potential and has a capability to get higher in the near future where I am sure I can harvest a big reward.

it's very difficult to get out, especially when you see a constant price increase.
but I still try every month to fix profits in fiat 

with 10 000$ investment you should be millionaire before cash out.

now it the time to hodl. once the correction finished, the market cap is going to reach trillions.

For me it is best to diversify. What I mean is to cash out part of the investment. For example, if I invest in ICO that I think will do big (10x or more). When it hits 5x, I sell 50 % of my investment. By that way, I get profit (more than investment) and I still have in the ICO. Yes, it could go down, but it could reach 10x? If it reached 10x, superb (for me) if not, I still have profit from the investment. Also, I hodl 10 % in case this ICO hit the sky.

It can be changed for your ideas because when you want your profit you can cash-out them. It can change by your investing goals. If you want a house you can cash-out when you got these amount money for example.

I think that I will sell 50% of my coin when the price is double, then I will leave the rest for a year, hoping it will grow higher.

A favorite saying of our Cryptocurrency community is "Don't invest more than you're willing to lose." I agree 1000%

With that being said one of the most difficult decisions a person has to make is what to do when they, don't lose, but win.

Yes, WIN!

Who knew that could be difficult?

Many/most new investor's are not used to the concept of actually winning. Most people assume the hardest part is putting up that first large sum of money whether it be $10, $100, $1,000, $2,500, $5,000, $10,000, $25,000, $50,000, $100,000 dollars but it isn't.

You have already entered the game at that point & decided that you're willing to risk losing your initial investment in order to possibly gain 2x, 3x, 10x, 100x or 1000x that's everyone's goal, idea & dream of course. But the way I look at it is not that I had $10,000 dollars that I wanted to increase in value but rather I placed $10,000 dollars to play the cryptocurrency market/ICO/trading game and was at ZERO until I cashed out my unrealised gains or losses.

A very basic example, you invested in a project that made a 50% gain on your $10,000 & you're up $5,000 dollars. Your total nut is now $15,000 right? Wrong, you're at ZERO. You can make that that initial investment of $10, $100, $1,000, $2,500, $5,000, $10,000, $25,000, $50,000, $100,000 and 100X it & you'll always be at ZERO until you cash out your initial investment of $10,000 plus what you've earned.

What some beginner's fail to remember when they're winning/making profit is how difficult it was to make that initial $10, $100, $1,000, $2,500, $5,000, $10,000, $25,000, $50,000 in the first place. How long did it take you, how difficult was it to save that initial investment, what did you sacrifice to obtain that money & if you leave the game at ZERO how much more difficult will it be to re-build?

You can become dazzled & mesmerized at the amount you've earned in such a short amount & it will diminish your memory of how hard it was to make/save your initial investment. Never forget that difficulty & always remember that while you are invested in the markets you are at ZERO.

The only person that can actually answer your question about, "at what stage would you consider getting out and taking your gains?" is you. You have to decide at 50%, 100%, 200%, 500%, 1,000% what taking profit will mean for you.

I suggest listing out the possible percentage gains/losses, calculate what those numbers are & decide what amount of profit/loss you're willing to endure. Then decide, beforehand, where your exit points will be at both ends of the spectrum.  

Best of luck.

 

Dear friend cliffordsean I have notice that you concern too much in return to what you invested for. We are just jr. Member don't fall yourself to get a big profit in return. To expect a high return is not bad but I would rather say calm down yourself be easy while doing business. Don't expect too much, although it is good but it is hard if you will not get what you always watching. In my point of view better focus yourself in knowledge rather than 10x or 100x.
Don't get out.
Best regards  

Nobody can tell when the best time is to take profit or to sell with a loss. I depends on the coin and the currect market situation. In the past it showed that it is always the best point to sell when everything is spiking and the people are buying blind.

I have never set certain number before I get out. I do my research before I buy and I keep researching while holding. If I think the coin has hart time to come or the value is going down, then I sell. Otherwise I can hold it for years.

i think the best time to get out is the coin gets higher and ill should sell it because it might get to lower price.

As it is said, "Excess of anything is bad", so is the covetousness. If you have made an investment with a huge amount (Rs.1 lac or above)  and you see it getting double or triple you can get out. But if your investment is small (Rs. 5000 for example) and the profit seems to be only double or triple, you can wait until it makes you a millionaire.

I do not set an fixed point to get out. I will follow the market to have a good decision. But I also do not sell my coin if I can not receive at least 50% profit

This question does not have a correct answer coz It’s different for everyone. For me; before doing an investment I decide an exit limit and I exit  

If i will be investing 10k in cryto then i will keep patience till i rech my main goal. I would prefer to go for long term because my goal is always high and i will get my gain when i reach my projected goals.

Such indicators are difficult to do in a short time, it takes time, but personally I will never withdraw funds and invests again in other coins

I think when you invested 10k, then you had a specific goal, for example: a lambo, or a lake house, or grow to 100k, and as soon as this goal is accessed plus my 10k, I would take the target and continue again with 10k.

I think it depends.

If it is an ICO and it has risen in value and has met all its milestone based on its roadmap, or that the ICO has failed in some of its steps to achieve the milestones, then it is time to consider leaving the ICO regardless of the profit generated.

Or if the coin has achieved 10x in a very short time, you should get out and if the market is drops down again, you can get in cheaper.

But if you really believe in cryptocurrencies... you may want to hang around til crypto is more pervasive.